Disability Insurance Woodstock and Mental health challenges

 Nearly two in five gen Z (38 per cent) and millennials (36 per cent) say they have suffered mental health declines since the pandemic began.

The top reason cited by those who feel reluctant to admit or would not admit to struggling with a mental illness is privacy, followed by fear of being treated differently and stigma.

However, seven in 10 believe that disclosing their mental health troubles would have a negative impact on their own personal wellbeing, while two-thirds feel there would be negative consequences for family and friend relationships. Close to seven in 10 also say that there would be a negative impact on work productivity (67 per cent) and coworker relationships (65 per cent).

Nearly one in two (48 per cent) Canadians are “very concerned” about their mental health as a result of the effects of the COVID-19 pandemic, according to a survey 

One in five people in Canada has a mental health problem at some point in life, according to the Centre for Addiction and Mental Health (CAMH). However, only about 30 per cent seek help, because of different reasons: some may not know they have a problem, some may not know that help is available and some may not be able to use the help because of barriers like cost, language and transportation.

“Others don't seek help because of the stigma (prejudice and discrimination)

Canadians overall are increasingly more comfortable with the idea of disclosing a mental illness (77 per cent indicated they would comfortably or reluctantly disclose it, vs 73 per cent last year). However, among the respondents who have experience with taking time off for a disability, 80 percent would disclose their struggles, compared to 72 percent who haven't taken, or don't know someone who has taken time off for a disability.

Among those who feel reluctant to admit or would not admit to struggling with a mental illness, the top reasons for not disclosing their struggles are privacy, fear of being treated differently and stigma. This represents a shift from 2019, when stigma was the biggest barrier to disclosure.

However, Canadians recognize the toll that not disclosing a mental illness can take on oneself and those around them. Seven-in-ten believe it would have a negative impact on their own personal wellbeing, while two-thirds feel there are negative consequences for family and friend relationships. Not only are personal relationships at home affected, but those surveyed also feel that there is a negative impact on work productivity (67 per cent) and co-worker relationships (65 per cent).

Interest in disability Insurance Woodstock spikes since COVID-19

The survey indicates that a personal history experiencing disability also affects attitudes towards disability insurance. Canadians who have seen the impact of taking time off for a disability are more likely to deem disability coverage more important, especially in the wake of COVID-19. Specifically, a quarter of respondents say buying disability coverage is more important to them since the pandemic, while one-in-five say they are more likely to purchase this coverage since COVID-19.

In general, Canadians are increasingly purchasing their own disability insurance Woodstock, which provides money that can replace lost income. Nearly a quarter (23 per cent) of Canadians have purchased their own disability coverage, up 8 points from last year, meaning more than half (55 per cent) of Canadians now have coverage either through their workplace benefits or an individual disability plan, compared to 50 per cent in 2019.

"When confronted with a disability, be it physical or mental in nature, the last thing that should be on your mind is worrying about finances," says Winslow. "The good news is more Canadians are taking the initiative of protecting themselves from the risk of financial hardship should they have to take time off work because of disability."